A Bankruptcy Lawyer’s Blog

My Review for – The Complete Idiot’s Guide to Getting Out of Debt

The Lowest Price we could find is $16.95 $3.18

Borrowing from Peter to pay Paul?

The American economy is dragging, with unemployment rates rising and consumer debt hitting $2.5 trillion. Many people are in deep and need help. Here, a Certified Financial Planner explains the mathematics of debt; strategies to deal with credit card, mortgage, student, and other loans; why debt consolidation and taking loans from a 401(k) can lead to problems; truths about bankruptcy; and how to use debt while eliminating it.

*Includes essential resources and websites, sample letters and forms, loan forgiveness programs, bankruptcy resources
*Author a Certified Financial Planner
*Covers every kind of debt, mortgages to credit cards to student loans
*National credit card debt is growing exponentially

Review:

Debt is a touchy subject. People have it, but they don’t necessarily want to talk about it and if they do talk about it, very few are honest with the amount they carry. Ken Clark on the other hand urges readers to take a look at their situation in full, assess the damage on paper, and set goals for the short and long term; “Denial, Acceptance, Action.” Once a foundation is laid, he takes you on a journey to eliminate and reduce every possible debt. It is true that much of the information could be found in the library, on the Internet, and within magazine and newspaper articles. But, what would be missing are the clear and concise instructions, the timeline and approach, the contact numbers, the sample letters, and the humor. Not far into the book I realized that Ken Clark writes as both a CFP and as a man who has endured the very struggles of debt management. He knows the strategies involved in tackling, overcoming, and eliminating debt. He does not talk down but to the reader and creates a sense of ease and practicality. What a relief! This a practical guide and must read for anyone looking to get out and stay out of debt.